Voltas tumbles after weak Q4 results

Voltas fell 7.46% to Rs 540 at 10:27 IST on BSE after consolidated net profit fell 3.13% to Rs 194.19 crore on 1.15% increase in net sales to Rs 2021.30 crore in Q4 March 2018 over Q4 March 2017.

The result was announced after market hours yesterday, 17 May 2018.

Meanwhile, the S&P BSE Sensex was down 137.52 points, or 0.39% to 35,011.60.

On the BSE, 3.33 lakh shares were traded in the counter so far compared with average daily volumes of 1.08 lakh shares in the past two weeks. The stock had hit a high of Rs 559.35 and a low of Rs 531.75 so far during the day. The stock hit a record high of Rs 675 on 28 December 2017. The stock hit a 52-week low of Rs 403.50 on 23 May 2017.

Consolidated net profit rose 11.16% to Rs 577.90 crore on 6.47% increase in net sales to Rs 6356.79 crore in the year ended March 2018 over the year ended March 2017.

Voltas is India's largest air conditioning company, and one of the world's premier engineering solutions providers and project specialists.

Powered by Capital Market - Live News